CWA Asset Management Group LLC Has $1.03 Million Position in Gold Fields Limited (NYSE:GFI)

CWA Asset Management Group LLC lifted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,825 shares of the company’s stock after buying an additional 9,261 shares during the period. CWA Asset Management Group LLC’s holdings in Gold Fields were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GFI. Van ECK Associates Corp boosted its position in Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after purchasing an additional 1,549,372 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after buying an additional 580,546 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after buying an additional 581,730 shares in the last quarter. Bamco Inc. NY increased its holdings in Gold Fields by 4.8% during the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock worth $30,989,000 after buying an additional 92,571 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock worth $21,263,000 after acquiring an additional 551,210 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 2.5 %

Shares of NYSE:GFI opened at $14.19 on Wednesday. The stock has a market cap of $12.70 billion, a PE ratio of 6.73, a P/E/G ratio of 0.43 and a beta of 1.13. Gold Fields Limited has a 12-month low of $12.19 and a 12-month high of $18.97. The business has a 50 day moving average of $14.53 and a 200-day moving average of $15.26.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GFI. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research report on Friday, December 6th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Investec raised Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.03.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.